New Stream Capital has acquired the assets of Palm City, FL-based International Wholesale Tile (IWT).

According to IWT, neither the management structure nor ongoing operations will be affected as a result of the purchase,

IWT president Paul Boucher, vp of operations Kathryn Spencer, and CFO Ann Marie Renze will continue to serve in their respective positions.

Boucher noted, “With New Stream Capital’s strength and support, we’ll be positioned to better serve our customers with swift deliveries of orders and samples and overall superior customer service. We will continue to create products that can be marketed through a variety of channels.”

Terms of the transaction were not disclosed. Both companies are privately held.